Selling price = $1,980; cost = $795. Find the rate of markup based on the selling price.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
M S C M 1980 795 1185 M sel...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
The Bargain Bookstore marks up books by $3.42 per book. The stores markup is 15% of cost. (a) For how much did the bookstore buy each book? (b) What is the selling price of each book? (c) What is the...
-
A reclaimed T-shirt scarf sells for $32.00 and costs $20.00. Find the rate of markup based on cost and based on selling price. Round to the nearest tenth of a percent.
-
Costco sells a set of Velox custom vehicle wheels for $529.00. They cost $278.00. Find the rate of markup based on cost and based on selling price. Round to the nearest tenth of a percent.
-
What is a random variable? What is a discrete random variable? What is a continuous random variable? Give some examples of discrete random variables.
-
Ethical dilemma involving mail order fraud. Required: a. Discuss which type of fraud is involved in this case, from the perspective of the mail order company. b. Which of the AICPA Trust Services...
-
Why can carbon form so many different compounds?
-
Determine the probability mass function of \(X\) from the following cumulative distribution function: \[ F(x)=\left\{\begin{array}{lr} 0 & x. \] Figure 3.3 displays a plot of \(F(x)\). From the plot,...
-
The returns on the common stock of Maynard Cosmetic Specialties are quite cyclical. In a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a...
-
[111] The inverse of the matrix A = 6 7 8 8 using 6 7-8 adjoint method is :
-
Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly; the ending inventory is 60% complete. The...
-
A box of Acco paper clips is marked up 46% based on cost, What is the markup based on selling price?
-
Markup = $2,050; markup rate is 42% of the selling price. a. Find the selling price. b. Find the cost.
-
I say bravo and right on! Now we have some real-life humane heroes to look up to! These brave people [a group of animal liberators] went up against the insensitive bureaucratic technology, and won,...
-
Suppose that total cost of vaccine production is the following: () = 20,000 + 2! where fixed cost is 20,000 and q denotes vaccine production. a. Find q where AC is minimized (and AC = MC). Graph AV...
-
What could be the impact on the global economy of an asteroid impact?
-
if policy tools like required reserves, discount rate, and open market operations are used to increase the feds interest rates by 25 basis points what does this mean for the policy instruments...
-
Consider two consumers Anton and Barbara who each have an income of $30 to spend on chocolate bars (x1) and all other goods (x2). The price of a chocolate bar (pre-tax) is $1.50, and the price of all...
-
Why do the authors believe geography and economics work well together? discuss
-
The output shown for Exercise 2.2.21 has three distributions that involve sampling words from the Gettysburg Address like what was done in Exploration 2.2 when we focused on the length of the words....
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
An investment of $2500 earned interest at 4.5% compounded quarterly for 1 1/2 years, and then 4.0% compounded monthly for two years. How much interest did the investment earn in the 3 1/2 years?
-
A debt of $7000 accumulated interest at 9.5% compounded quarterly for 15 months, after which the rate changed to 8.5% compounded semiannually for the next six months. What was the total amount owed...
-
Megan borrowed $1900, 3 1/2 years ago at 7% compounded semiannually. Two years ago she made a payment of $1000. What amount is required today to pay off the remaining principal and the accrued...
-
LPMI, an exchange traded fund, provides investors with daily results equal to 250% of the performance of the Precious Metals Index. The daily returns of the Precious Metals Index over the prior five...
-
You have two call options for the same share. The first has an expiry date in 1 month and the second in 1 year. Implied volatility for the underlying share is high. Everything else being equals,...
-
Based on your understanding about business intelligence and/or data analytics, 1. In what way can a government (e.g. HK Government) make use of data analytics ? Name some examples of government...
Study smarter with the SolutionInn App